GE Oil & Gas GE will supply ATP Oil & Gas Limited with subsea production equipment, ancillary systems and related services for ATP's signature Cheviot oilfield project in the North Sea, under the terms of an $80 million contract. ATP is a unit of Houston, Texas-based ATP Oil & Gas Corporation ATPG.
The Cheviot Field lies approximately 100 kilometers (km) east of the Shetland Isles in the northern part of the North Sea and is a redevelopment of a previous field with still significant reserves that ATP can recover economically and with modern technology.
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